Will I be able to claim another business if I filed for bankruptcy? 5 Answers as of July 12, 2013

Can a business who filed bankruptcy have power over an attorney with a servicing mortgage company 2 months after it filed bankruptcy? And what state law would it be in violation of?

Ask a Local Attorney. 100% Anonymous. Free Answers.

Free Case Evaluation by a Local Lawyer: Click here
Law Office of Steve Cedillos
Law Office of Steve Cedillos | Steve Cedillos
Where are you located?
Answer Applies to: Hawaii
Replied: 7/12/2013
Bankruptcy Law office of Bill Rubendall
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
When a business files bankruptcy it is subject to the powers of the trustee. Ordinarily, a business cannot continue to operate. This is a matter of federal, not state, law.
Answer Applies to: California
Replied: 6/2/2011
Ashman Law Office
Ashman Law Office | Glen Edward Ashman
In most bankruptcies, if you file, any business you own either must cease operation or is under some bankruptcy court supervision.
Answer Applies to: Georgia
Replied: 6/2/2011
Daniel Hoarfrost, Attorney at Law
Daniel Hoarfrost, Attorney at Law | Daniel Hoarfrost
You are able to open another business after bankruptcy.
Answer Applies to: Oregon
Replied: 6/2/2011
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Any business (corporation or LLC) is "dead" after filing Chapter 7 bankruptcy. *It can't do anything.* It does not exist anymore*.
Answer Applies to: California
Replied: 6/2/2011
Click to View More Answers: